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County supervisors uphold eminent domain, killing plan for estate house in scenic Coyote Valley

Published Fri, 07 Feb 2025 16:43:10 GMT

A plan to build a two-story, 8,465 square-foot estate home in Coyote Valley, a rural expanse of farmland and open space between San Jose and Morgan Hill that has been the source of battles over development for decades, was killed Tuesday by county leaders.Siding with environmental groups and open space advocates, the Santa Clara County Board of Supervisors voted 4-0 to allow the Santa Clara Valley Open Space Authority to acquire the vacant 4.6-acre property though eminent domain.Edgar Andrade, a 33-year-old owner of a heating and air conditioning company in Morgan Hill, bought the property at the corner of Santa Teresa Boulevard and Richmond Avenue two years ago. He proposed building the house, along with a 3-car garage, a secondary house, and three water tanks, for his family.After the ruling, Andrade said he was being unfairly treated.“I’m extremely disappointed,” Andrade said after the vote. “I feel betrayed.”But the open space authority, a government agen...

Two arrested in Orinda residential burglary, one still at large

Published Fri, 07 Feb 2025 16:43:10 GMT

ORINDA, Calif. (KRON) -- Police in Orinda are still searching for a residential burglary suspect in a neighborhood on Lloyd Lane off Moraga Way Tuesday. Two other suspects were arrested in connection to the same incident, KRON4 has confirmed.Units from the Orinda Police Department were dispatched at about 8:23 a.m. Tuesday on a report of a suspicious person on Knickerbocker Lane. Officers located a vehicle associated with the subject in a driveway at a residence on Lloyd Lane, according to the Contra Costa County Sheriff's Office. Series of violent robberies leaves Walnut Creek residents on edge Officers went to check the vehicle and confronted three suspects exiting the residence's front door carrying multiple items stolen from the residence, allegedly. The suspects immediately dropped the items and fled, police said.One of the suspects was apprehended immediately. He was identified as 30-year-old Dennis Windham of San Francisco. He was booked at the Martinez Detention Facility o...

VIDEO: Thieves use backhoe to break into Oakland convenience store

Published Fri, 07 Feb 2025 16:43:10 GMT

(KRON) -- Video from a crime scene in Oakland shows a backhoe's shovel inside a convenience store after a burglary early Monday morning. The victimized store is an Ampm convenience store located at 889 West Grand Ave. in West Oakland. The Oakland Police Department said the burglary happened just after 2:15 a.m. Officers were dispatched by a burglary alarm and arrived to find part of the backhoe inside the store. Nobody was inside the store. "During the preliminary investigation, officers determined an unknown number of individuals forced entry into the business through the front window. The individuals exited the business with an unknown amount of loss and fled the scene in a vehicle," OPD said.Another video from the scene shows the shovel busting through the window and crushing an ATM. A suspect later enters the store to steal from the machine. One dead after Oakland shooting involving an officer OPD asks anyone with information about this burglary to call (510) 238-3...

DA: More than 500 accused San Francisco drug dealers failed to show up in court

Published Fri, 07 Feb 2025 16:43:10 GMT

SAN FRANCISCO (KRON) -- San Francisco District Attorney Brooke Jenkins announced eight people were charged in connection to suspected drug dealing in the Tenderloin following a joint federal and local law enforcement operation on November 1.Six of the accused drug dealers pleaded not guilty in court this week, while two failed to appear in court for arraignment.As of this month, there are 535 suspected drug dealers with open bench warrants who failed toshow up in court to face narcotics sales charges. Judges granted their freedom from custody pending trial. Nearly 140 of the 535 suspects have been arrested and released from jail, multiple times, the DA's Office said. The District Attorney’s Office said it filed 316 motions to detain the most egregious drug dealingsuspects because of the "extreme public safety risk they pose." San Francisco judges only granted 32 of those motions to keep the suspects in custody. "My office will continue to do everything we can to hold suspected drug ...

What is APEC? Here's what you need to know about APEC SF 2023

Published Fri, 07 Feb 2025 16:43:10 GMT

SAN FRANCISCO (KRON) -- The APEC Economic Leaders Week meeting is coming to San Francisco next week. The meeting is a regional economic forum put on by the Asia-Pacific Economic Cooperation (APEC) that will see world and economic leaders descend on SF for several days.APEC gets underway on Saturday, Nov. 11 and will continue through Friday, Nov. 17.What is APEC?APEC was established in 1989 and serves as an economic platform for the U.S. to advance economic trading policies in the Asia-Pacific region. The meeting is about promoting trade between APEC members, which are distinguished as "economies" rather than nations. Samurai sword beheading: Landaeta refuses to attend own murder trial The San Francisco meeting next week is the final APEC meeting of 2023. Other APEC meetings over the course of the year have focused on "regional economic issues, including sustainability, digitalization, women's economic empowerment, trade facilitation, energy security, food security, and health," ac...

MRC: Q3 Earnings Snapshot

Published Fri, 07 Feb 2025 16:43:10 GMT

HOUSTON (AP) — HOUSTON (AP) — MRC Global Inc. (MRC) on Tuesday reported earnings of $35 million in its third quarter.On a per-share basis, the Houston-based company said it had profit of 33 cents. Earnings, adjusted for non-recurring gains, were 32 cents per share.The energy products distributor posted revenue of $888 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRC at https://www.zacks.com/ap/MRCSource

Franklin Street: Q3 Earnings Snapshot

Published Fri, 07 Feb 2025 16:43:10 GMT

WAKEFIELD, Mass. (AP) — WAKEFIELD, Mass. (AP) — Franklin Street Properties Corp. (FSP) on Tuesday reported a key measure of profitability in its third quarter.The real estate investment trust, based in Wakefield, Massachusetts, said it had funds from operations of $7.5 million, or 7 cents per share, in the period.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had a loss of $45.7 million, or 44 cents per share.The hybrid real estate investment trust, based in Wakefield, Massachusetts, posted revenue of $36.9 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSP at https://www.zacks.com/ap/FSPSource

Stellus Capital: Q3 Earnings Snapshot

Published Fri, 07 Feb 2025 16:43:10 GMT

HOUSTON (AP) — HOUSTON (AP) — Stellus Capital Investment Corp. (SCM) on Tuesday reported a loss of $2.4 million in its third quarter.On a per-share basis, the Houston-based company said it had a loss of 11 cents. Earnings, adjusted for non-recurring costs and pretax expenses, came to 49 cents per share.The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.The investment company posted revenue of $27.2 million in the period, which met Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCM at https://www.zacks.com/ap/SCMSource

HCI Group: Q3 Earnings Snapshot

Published Fri, 07 Feb 2025 16:43:10 GMT

TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Tuesday reported earnings of $13.2 million in its third quarter.On a per-share basis, the Tampa, Florida-based company said it had profit of $1.34. Earnings, adjusted for investment costs, came to $1.41 per share.The property and casualty insurance holding company posted revenue of $131.6 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HCI at https://www.zacks.com/ap/HCISource

Granite Point Mortgage Trust: Q3 Earnings Snapshot

Published Fri, 07 Feb 2025 16:43:10 GMT

NEW YORK (AP) — NEW YORK (AP) — Granite Point Mortgage Trust Inc. (GPMT) on Tuesday reported a loss of $20.9 million in its third quarter.The New York-based company said it had a loss of 48 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 18 cents per share.The real estate investment trust posted revenue of $66.7 million in the period. Its adjusted revenue was $19.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPMT at https://www.zacks.com/ap/GPMTSource